MIXED-USE DEVELOPMENT OPPORTUNITY
Mixed-Use Development Opportunity on this 66' x 132' corner lot. Currently zoned C3, the City of Port Moody is in support for an application to be submitted under CRM1 'Four-Storey Mixed Use' Zoning. This prime Port Moody location is on the "main strip" and conveniently located close to the Evergreen Skytrain Station, West Coast Express, micro-breweries, and restaurants. Initial drawings have been created for the four- storey mixed use building offering a product mix of 14 one bedroom to three bedroom and den units, plus two commercial units units on the ground level. Ocean views would be achieved on the 4th storey. Please note that an additional 6 meters of land (2,618.4 SF) must be purchased from the City to meet the minimum lot size criteria for CRM1 which would make the building site 11,330 SF. New wood-framed development units in the area have sold from $730/FTto $780+/FT in the last 6 months.